HAMRA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HAMRA
Largest movements
- Receivables within one year +€91,004
up €91,004 (+382.7%), from €23,780 to €114,784
of which Trade receivables: +€91,020
- Tangible fixed assets -€3,912
down €3,912 (-69.9%), from €5,599 to €1,687
of which Plant, machinery and equipment: -€2,087
- Trade debts +€102,830
up €102,830 (+208.1%), from €49,409 to €152,239
- Profit (loss) carried forward -€13,403
down €13,403 (-1.4%), from -€959,572 to -€972,974
- Tax, wage and social debts -€4,056
down €4,056 (-42.4%), from €9,573 to €5,517
- Other debts +€1,385
up €1,385 (+3.5%), from €39,197 to €40,582
- Gross operating margin -€158,465
down €158,465, from €155,852 to -€2,613
- Purchases and services +€2,613
new in 2025: €2,613
From the 2023 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,719 | €126,474 | +€86,756 | +218.4% |
| Formation expenses | 20 | €423 | €0 | -€423 | -100.0% |
| Fixed assets | 21/28 | €5,599 | €1,773 | -€3,826 | -68.3% |
| Intangible fixed assets | 21 | - | €86 | +€86 | |
| Tangible fixed assets | 22/27 | €5,599 | €1,687 | -€3,912 | -69.9% |
| Plant, machinery and equipment | 23 | €3,774 | €1,687 | -€2,087 | -55.3% |
| Furniture and vehicles | 24 | €1,824 | €0 | -€1,824 | -100.0% |
| Current assets | 29/58 | €33,697 | €124,701 | +€91,004 | +270.1% |
| Amounts receivable within one year | 40/41 | €23,780 | €114,784 | +€91,004 | +382.7% |
| Trade receivables | 40 | €23,764 | €114,784 | +€91,020 | +383.0% |
| Other amounts receivable | 41 | €16 | €0 | -€16 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,917 | €9,917 | = | 0.0% |
| Total equity and liabilities | 10/49 | €39,719 | €126,474 | +€86,756 | +218.4% |
| Equity | 10/15 | -€957,272 | -€970,674 | -€13,403 | -1.4% |
| Contributions | 10/11 | €2,300 | €2,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€959,572 | -€972,974 | -€13,403 | -1.4% |
| Amounts payable | 17/49 | €996,990 | €1,097,149 | +€100,158 | +10.0% |
| Amounts payable after more than one year | 17 | €898,811 | €898,811 | = | 0.0% |
| Trade debts | 175 | €898,811 | €898,811 | = | 0.0% |
| Amounts payable within one year | 42/48 | €98,179 | €198,337 | +€100,158 | +102.0% |
| Trade debts | 44 | €49,409 | €152,239 | +€102,830 | +208.1% |
| Suppliers | 440/4 | €49,409 | €152,239 | +€102,830 | +208.1% |
| Taxes, remuneration and social security | 45 | €9,573 | €5,517 | -€4,056 | -42.4% |
| Taxes | 450/3 | €9,573 | €5,517 | -€4,056 | -42.4% |
| Other amounts payable | 47/48 | €39,197 | €40,582 | +€1,385 | +3.5% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,613 | +€2,613 | |
| Remuneration, social security and pensions | 62 | €160 | €0 | -€160 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,623 | €1,682 | -€941 | -35.9% |
| Other operating charges | 640/8 | €937 | - | -€937 | |
| Non-recurring operating charges | 66A | €1,028,945 | - | -€1.0m | |
| Gross operating margin | 9900 | €155,852 | -€2,613 | -€158,465 | |
| Operating profit (loss) | 9901 | -€876,813 | -€4,295 | +€872,518 | +99.5% |
| Financial income | 75/76B | €77 | - | -€77 | |
| Recurring financial income | 75 | €77 | - | -€77 | |
| Financial charges | 65/66B | €931 | - | -€931 | |
| Recurring financial charges | 65 | €931 | - | -€931 | |
| Profit (loss) for the period before taxes | 9903 | -€877,667 | -€4,295 | +€873,372 | +99.5% |
| Profit (loss) for the period | 9904 | -€877,667 | -€4,295 | +€873,372 | +99.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€877,667 | -€4,295 | +€873,372 | +99.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.